Alpha Bank Serbia

Alpha Serbia's employees fell 10.9% to 1,164 in 2014

By Helgi Analytics - September 22, 2018

Alpha Bank Serbia employed 1,164 persons in 2014, down 10.9% when compared to the previous year. Historically, the bank's workfo...

Alpha Serbia's net profit rose 112% to RSD 183 mil in 2014

By Helgi Analytics - September 22, 2018

Alpha Bank Serbia made a net profit of RSD 183 mil under revenues of RSD 5,348 mil in 2014, up 112% and 10.7% respectively compared t...

Alpha Serbia's npls (as % of loans) rose 1.65% to 19.6% in 2014

By Helgi Analytics - September 22, 2018

Alpha Bank Serbia's non-performing loans reached 19.6% of total loans at the end of 2014, up from 19.3% compared to the previous ...

Profit Statement 2012 2013 2014
Net Interest Income RSD mil 2,740 3,275 3,940
Fee Income (As % Of Revenues) % 11.8 17.7 15.1
Other Income RSD mil 3,127 701 603
Total Revenues RSD mil 6,652 4,832 5,348
Staff Cost RSD mil 1,768 1,608 1,549
Operating Profit RSD mil -1,218 185 817
Provisions RSD mil 1,660 1,744 649
Net Profit RSD mil -2,873 -1,536 183
Balance Sheet 2012 2013 2014
Interbank Loans RSD mil 17,401 8,359 2,015
Customer Loans RSD mil 50,941 51,309 55,288
Debt Securities RSD mil 5,536 16,035 14,062
Total Assets RSD mil 91,236 82,897 89,236
Shareholders' Equity RSD mil 13,144 11,560 11,637
Interbank Borrowing RSD mil 3,882 10,931 19,795
Customer Deposits RSD mil 65,999 53,895 51,551
Issued Debt Securities RSD mil 5,167 5,194 5,479
Ratios 2012 2013 2014
ROE % -24.6 -12.4 1.58
ROA % -3.26 -1.76 0.213
Costs (As % Of Assets) % 8.92 5.34 5.26
Costs (As % Of Income) % 118 96.2 84.7
Capital Adequacy Ratio % 23.6 17.1 18.9
Net Interest Margin % 3.11 3.76 4.58
Loans (As % Of Deposits) % 77.2 95.2 107
NPLs (As % Of Loans) % 13.9 19.3 19.6
Provisions (As % Of NPLs) % 76.6 66.3 67.9
Growth Rates 2012 2013 2014
Total Revenue Growth % 68.6 -27.4 10.7
Operating Cost Growth % 57.8 -41.0 -2.50
Operating Profit Growth % 16.9 -115 342
Net Profit Growth % 36.0 -46.5 -112
Customer Loan Growth % -3.28 0.723 7.75
Total Asset Growth % 7.10 -9.14 7.65
Customer Deposit Growth % 7.32 -18.3 -4.35
Shareholders' Equity Growth % 28.3 -12.1 0.665
Employees 1,435 1,306 1,164

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summary Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014
income statement                  
Net Interest Income RSD mil     3,172 1,317 2,683 2,982 2,740    
Total Revenues RSD mil     7,260 3,758 7,718 3,947 6,652    
Operating Profit RSD mil     889 -1,981 -1,135 -1,042 -1,218    
Net Profit RSD mil     874 -2,729 -1,724 -2,113 -2,873    
balance sheet                  
Interbank Loans RSD mil     13,105 16,078 15,056 15,345 17,401    
Customer Loans RSD mil     24,670 35,364 64,796 52,670 50,941    
Debt Securities RSD mil     7,007 7,667 7,185 4,928 5,536    
Total Assets RSD mil     58,320 73,650 98,370 85,189 91,236    
Shareholders' Equity RSD mil     14,780 12,057 10,314 10,242 13,144    
Interbank Borrowing RSD mil     289 2,901 4,526 3,813 3,882    
Customer Deposits RSD mil     34,397 48,807 71,838 61,497 65,999    
Issued Debt Securities RSD mil     0 0 0 0 5,167    
ratios                  
ROE %     7.08 -20.3 -15.4 -20.6 -24.6    
ROA %     1.60 -4.14 -2.00 -2.30 -3.26    
Costs (As % Of Assets) %     11.7 8.70 10.3 5.44 8.92    
Costs (As % Of Income) %     87.8 153 115 126 118    
Capital Adequacy Ratio %     35.3 26.0 14.7 20.5 23.6    
Net Interest Margin %     5.82 2.00 3.12 3.25 3.11    
Interest Income (As % Of Revenues) %     43.7 35.0 34.8 75.6 41.2    
Fee Income (As % Of Revenues) %     11.7 22.9 11.7 22.1 11.8    
Staff Cost (As % Of Total Cost) %     24.9 30.2 20.1 36.0 22.5    
Equity (As % Of Assets) %     25.3 16.4 10.5 12.0 14.4    
Loans (As % Of Deposits) %     71.7 72.5 90.2 85.6 77.2    
Loans (As % Assets) %     42.3 48.0 65.9 61.8 55.8    
NPLs (As % Of Loans) % ... ... 1.85 7.09 9.76 11.7 13.9    
Provisions (As % Of NPLs) % ... ... 433 103 56.5 66.8 76.6    
income statement Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014
income statement                  
Interest Income RSD mil     5,807 3,979 5,711 6,882 6,186    
Interest Cost RSD mil     2,635 2,662 3,028 3,900 3,446    
Net Interest Income RSD mil     3,172 1,317 2,683 2,982 2,740    
Net Fee Income RSD mil     850 859 901 873 785    
Other Income RSD mil     3,238 1,582 4,134 91.7 3,127    
Total Revenues RSD mil     7,260 3,758 7,718 3,947 6,652    
Staff Cost RSD mil     1,587 1,733 1,781 1,796 1,768    
Depreciation RSD mil     326 446 639 511 479    
Other Cost RSD mil     4,458 3,560 6,433 2,682 5,623    
Operating Cost RSD mil     6,371 5,739 8,853 4,989 7,870    
Operating Profit RSD mil     889 -1,981 -1,135 -1,042 -1,218    
Provisions RSD mil     43.6 827 593 1,063 1,660    
Extra and Other Cost RSD mil     0 0 0 0.720 0    
Pre-Tax Profit RSD mil     845 -2,809 -1,728 -2,106 -2,878    
Tax RSD mil     -28.6 -79.8 -3.98 7.30 -3.79    
Minorities RSD mil     0 0 0 0 0    
Net Profit RSD mil     874 -2,729 -1,724 -2,113 -2,873    
growth rates                  
Net Interest Income Growth % ...   71.2 -58.5 104 11.2 -8.14    
Net Fee Income Growth % ...   1.39 1.15 4.90 -3.17 -10.0    
Total Revenue Growth % ...   6.60 -48.2 105 -48.9 68.6    
Operating Cost Growth % ...   22.2 -9.92 54.3 -43.6 57.8    
Operating Profit Growth % ...   -44.4 -323 -42.7 -8.19 16.9    
Pre-Tax Profit Growth % ...   269 -432 -38.5 21.8 36.7    
Net Profit Growth % ...   260 -412 -36.8 22.5 36.0    
market share                  
Market Share in Revenues %     3.21 2.50 4.86 2.39 3.93    
Market Share in Net Profit % ...   2.50 ... ... ... ... ...  
Market Share in Employees %     5.23 4.80 5.10 5.11 5.05    
Market Share in Branches % ...   5.93 6.15 6.15 7.26 5.97    
balance sheet Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014
balance sheet                  
Cash RSD mil     7,262 7,533 3,554 5,848 11,486    
Interbank Loans RSD mil     13,105 16,078 15,056 15,345 17,401    
Customer Loans RSD mil     24,670 35,364 64,796 52,670 50,941    
Retail Loans RSD mil     10,675 17,437 34,815 38,718 38,118    
Mortgage Loans RSD mil ... ... ... ... ... ... ...    
Consumer Loans RSD mil ... ... ... ... ... ... ...    
Corporate Loans RSD mil     10,550 14,820 16,840 8,464 9,193    
Debt Securities RSD mil     7,007 7,667 7,185 4,928 5,536    
Fixed Assets RSD mil     5,282 5,503 4,969 4,448 3,971    
Total Assets RSD mil     58,320 73,650 98,370 85,189 91,236    
Shareholders' Equity RSD mil     14,780 12,057 10,314 10,242 13,144    
Of Which Minority Interest RSD mil     0 0 0 0 0    
Liabilities RSD mil     43,540 61,593 88,056 74,947 78,092    
Interbank Borrowing RSD mil     289 2,901 4,526 3,813 3,882    
Customer Deposits RSD mil     34,397 48,807 71,838 61,497 65,999    
Retail Deposits RSD mil     17,388 28,037 47,824 43,114 55,272    
Corporate Deposits RSD mil     9,536 8,502 9,380 13,941 10,001    
Sight Deposits RSD mil ... ... ... ... ... ... ...    
Term Deposits RSD mil ... ... ... ... ... ... ...    
Issued Debt Securities RSD mil     0 0 0 0 5,167    
Other Liabilities RSD mil     8,855 9,885 11,692 9,636 3,043    
asset quality                  
Non-Performing Loans RSD mil ... ... 496 2,705 6,694 6,710 7,920    
Gross Loans RSD mil     26,819 38,156 68,580 57,149 57,009    
Total Provisions RSD mil     2,149 2,793 3,784 4,479 6,068    
growth rates                  
Customer Loan Growth % ...   -11.5 43.3 83.2 -18.7 -3.28    
Retail Loan Growth % ...   8.50 63.3 99.7 11.2 -1.55    
Mortgage Loan Growth % ... ... ... ... ... ... ... ...  
Consumer Loan Growth % ... ... ... ... ... ... ... ...  
Corporate Loan Growth % ...   -33.6 40.5 13.6 -49.7 8.61    
Total Asset Growth % ...   15.1 26.3 33.6 -13.4 7.10    
Shareholders' Equity Growth % ...   49.5 -18.4 -14.5 -0.704 28.3    
Customer Deposit Growth % ...   6.70 41.9 47.2 -14.4 7.32    
Retail Deposit Growth % ...   -6.22 61.2 70.6 -9.85 28.2    
Corporate Deposit Growth % ...   3.66 -10.8 10.3 48.6 -28.3    
market share                  
Market Share in Customer Loans %     2.15 2.48 3.50 2.65 2.26    
Market Share in Corporate Loans %     1.65 1.96 1.75 0.832 0.821    
Market Share in Retail Loans % ... ... ... ... ... ... ...    
Market Share in Consumer Loans %     2.49 3.77 6.10 6.43 5.84    
Market Share in Mortgage Loans % ... ... ... ... ... ... ...    
Market Share in Total Assets %     3.04 3.15 3.59 2.94 2.89    
Market Share in Customer Deposits %     3.81 4.40 5.66 4.44 4.31    
Market Share in Retail Deposits %     3.72 4.47 6.03 5.04 5.59    
Market Share in Corporate Deposits %     3.01 2.43 2.60 3.29 2.32    
ratios Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014
ratios                  
ROE %     7.08 -20.3 -15.4 -20.6 -24.6    
ROA %     1.60 -4.14 -2.00 -2.30 -3.26    
Costs (As % Of Assets) %     11.7 8.70 10.3 5.44 8.92    
Costs (As % Of Income) %     87.8 153 115 126 118    
Capital Adequacy Ratio %     35.3 26.0 14.7 20.5 23.6    
Net Interest Margin %     5.82 2.00 3.12 3.25 3.11    
Interest Spread % ...   4.41 0.965 2.59 2.71 2.51    
Asset Yield %     10.7 6.03 6.64 7.50 7.01    
Cost Of Liabilities % ...   6.25 5.06 4.05 4.79 4.50    
Interest Income (As % Of Revenues) %     43.7 35.0 34.8 75.6 41.2    
Fee Income (As % Of Revenues) %     11.7 22.9 11.7 22.1 11.8    
Other Income (As % Of Revenues) %     44.6 42.1 53.6 2.32 47.0    
Cost Per Employee USD per month     1,402 1,427 1,252 1,366 1,167    
Cost Per Employee (Local Currency) RSD per month     78,136 96,486 97,460 100,246 102,699    
Staff Cost (As % Of Total Cost) %     24.9 30.2 20.1 36.0 22.5    
Equity (As % Of Assets) %     25.3 16.4 10.5 12.0 14.4    
Loans (As % Of Deposits) %     71.7 72.5 90.2 85.6 77.2    
Loans (As % Assets) %     42.3 48.0 65.9 61.8 55.8    
NPLs (As % Of Loans) % ... ... 1.85 7.09 9.76 11.7 13.9    
Provisions (As % Of NPLs) % ... ... 433 103 56.5 66.8 76.6    
Provisions (As % Of Loans) %     8.71 7.90 5.84 8.50 11.9    
Cost of Provisions (As % Of Loans) %     0.166 2.76 1.18 1.81 3.20    
other data Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014
other data                  
Branches ...   162 162 153 173 134    
Employees     1,693 1,497 1,523 1,493 1,435    
Sight (As % Of Customer Deposits) % ... ... ... ... ... ... ...    
Risk-Weighted Assets RSD mil ... ... ... ... ... ... ...    

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Alpha Serbia's corporate loans rose 44.2% to RSD 24,220 mil in 2014

By Helgi Analytics - September 22, 2018

Alpha Bank Serbia's corporate loans reached RSD 24,220 mil in 2014, up 44.2% compared to the previous year. Serbian banking sector provided corporate loans of RSD 971 bil in 2014, down 4.20% when compared to the last year. Alpha Bank Serbia accounted for ...

Alpha Serbia's corporate deposits fell 41.3% to RSD 4,672 mil in 2014

By Helgi Analytics - September 22, 2018

Alpha Bank Serbia's corporate deposits reached RSD 4,672 mil in 2014, down 41.3% compared to the previous year. Serbian banking sector accepted corporate deposits of RSD 500 bil in 2014, up 16.5% when compared to the last year. Alpha Bank Serbia accounted...

Alpha Serbia's costs (as % of assets) fell 1.37% to 5.26% in 2014

By Helgi Analytics - September 22, 2018

Alpha Bank Serbia's cost to income ratio reached 84.7% in 2014, down from 96.2% compared to the previous year. Historically, the bank’s costs reached an all time high of 153% of income in 2009 and an all time low of 76.5% in 2007. When compared to total as...

Alpha Serbia's net interest income rose 20.3% to RSD 3,940 mil in 2014

By Helgi Analytics - September 22, 2018

Alpha Bank Serbia generated total banking revenues of RSD 5,348 mil in 2014, up 10.7% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of RSD 7,718 mil in 2010 an...

Alpha Serbia's net interest margin rose 21.7% to 4.58% in 2014

By Helgi Analytics - September 22, 2018

Alpha Bank Serbia's net interest margin amounted to 4.58% in 2014, up from 3.76% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 5.82% in 2008 and an all time low of 2.00% in 2009. The average marg...

Alpha Serbia's customer deposits fell 4.35% to RSD 51,551 mil in 2014

By Helgi Analytics - September 22, 2018

Alpha Bank Serbia's customer deposits reached RSD 51,551 mil in 2014, down 4.35% compared to the previous year. Serbian banking sector accepted customer deposits of RSD 1,718 bil in 2014, up 7.73% when compared to the last year. Alpha Bank Serbia accounte...

Alpha Serbia's customer loans rose 7.75% to RSD 55,288 mil in 2014

By Helgi Analytics - September 22, 2018

Alpha Bank Serbia's customer loans reached RSD 55,288 mil in 2014, up 7.75% compared to the previous year. Serbian banking sector provided customer loans of RSD 2,384 bil in 2014, up 7.96% when compared to the last year. Alpha Bank Serbia accounted for 2....

Alpha Serbia's total revenues rose 10.7% to RSD 5,348 mil in 2014

By Helgi Analytics - September 22, 2018

Alpha Bank Serbia generated total banking revenues of RSD 5,348 mil in 2014, up 10.7% compared to the previous year. Serbian banking sector banking sector generated total revenues of RSD 174,693 mil in 2014, up 7.37% when compared to the last year. ...

Alpha Serbia's retail deposits rose 4.60% to RSD 46,379 mil in 2014

By Helgi Analytics - September 22, 2018

Alpha Bank Serbia's retail deposits reached RSD 46,379 mil in 2014, up 4.60% compared to the previous year. Serbian banking sector accepted retail deposits of RSD 1,096 bil in 2014, up 7.09% when compared to the last year. Alpha Bank Serbia accounted for ...

Alpha Serbia's customer loan growth rose 972% to 7.75% in 2014

By Helgi Analytics - September 22, 2018

Alpha Bank Serbia's customer loan growth reached 7.75% in 2014, up from 0.723% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 83.2% in 2010 and an all time low of -18.7% in 2011. In the last decade, the av...

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Alpha Bank Serbia a.d. is a Serbia-based universal bank. The Bank offers a wide range of banking and other financial services to commercial and private banking clients. Its products include loans, current and saving accounts, and deposits amongst others. In addition to providing mainstream banking products, the Group undertakes insurance activities, stock brokerage, investment in mutual funds, leasing services, real estate investment management and financial advice, amongst others. The Bank is headquartered in Belgrade, the Republic of Serbia. Alpha Bank Serbia a.d. is a subsidiary of Alpha Bank A.E. Athens.

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Finance

Alpha Bank Serbia has been growing its revenues and asset by 7.31% and 3.91% a year on average in the last 5 years. Its loans and deposits have grown by 9.35% and 1.10% a year during that time and loans to deposits ratio reached 107% at the end of 2014. The company achieved an average return on equity of -14.3% in the last five years with net profit growing nan% a year on average. In terms of operating efficiency, its cost to income ratio reached 84.7% in 2014, compared to 108% average in the last five years.

Equity represented 13.0% of total assets or 21.0% of loans at the end of 2014. Alpha Bank Serbia's non-performing loans were 19.6% of total loans while provisions covered some 67.9% of NPLs at the end of 2014.